The Gross Domestic Product (GDP) in Ukraine contracted 0.70 percent in the second quarter of 2021 over the previous quarter. source: State Statistics Service Of Ukraine

GDP Growth Rate in Ukraine averaged 0.04 percent from 2010 until 2021, reaching an all time high of 8.50 percent in the third quarter of 2020 and a record low of -9.90 percent in the second quarter of 2020. This page provides - Ukraine GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ukraine GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.

GDP Growth Rate in Ukraine is expected to be 0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ukraine GDP Growth Rate is projected to trend around 0.50 percent in 2022, according to our econometric models.

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Ukraine GDP Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-05-14 12:30 PM QoQ Prel Q1 -1.1% 0.8% -0.5%
2021-06-22 01:20 PM QoQ Final Q1 -1.2% 0.8% -1.1%
2021-08-16 12:40 PM QoQ Prel Q2 -0.8% -1.2% 1.2%
2021-09-20 12:45 PM QoQ Final Q2 -0.7% -1.2% -0.8%
2021-11-16 02:30 PM QoQ Prel Q3 -0.7% 0.9%
2021-12-20 02:30 PM QoQ Final Q3
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


Ukraine Last Unit Reference Previous Highest Lowest
GDP Growth Rate -0.70 percent Jun/21 -1.20 8.50 -9.90
GDP Annual Growth Rate 5.70 percent Jun/21 -2.20 14.30 -19.60
GDP Constant Prices 584011.00 UAH Million Jun/21 526618.00 719031.00 96169.00
Gross Fixed Capital Formation 104370.00 UAH Million Jun/21 71061.00 206683.00 14356.00
GDP From Utilities 1931.00 UAH Million Jun/21 1676.00 2063.00 611.00
GDP From Transport 34381.00 UAH Million Jun/21 31148.00 44449.00 16741.00
GDP From Services 97106.00 UAH Million Jun/21 78624.00 100191.00 27971.00
GDP From Public Administration 30152.00 UAH Million Jun/21 30325.00 33000.00 11925.00
GDP From Mining 30609.00 UAH Million Jun/21 28018.00 31708.00 10871.00
GDP From Manufacturing 75070.00 UAH Million Jun/21 65733.00 83423.00 22049.00
GDP From Construction 20714.00 UAH Million Jun/21 9269.00 30749.00 2757.00
GDP From Agriculture 22108.00 UAH Million Jun/21 18189.00 134992.00 6803.00


Ukraine GDP Growth Rate
Ukraine possesses rich farmlands (wheat, rye, flax, corn, barley, sugar beets, sunflowers and potatoes are the major crops), vast mineral resources (iron, manganese, coal, anthracite, aluminum, mercury, nickel, natural gas, oil, zinc, titanium and bauxite), a well-developed industrial base (steel, tractors, machinery, building materials, chemicals, fertilizers are major products) and highly trained labor. Yet, the economy remains in poor condition due to underdeveloped infrastructure, corruption, bureaucracy and political turmoil. On the production side, services are the biggest sector of the economy and account for nearly 68 percent of total GDP, of which the most important are; domestic trade (14 percent) and accommodation and food service (13 percent). Industry accounts for 22 percent of GDP and is divided by manufacturing (11 percent); and agriculture (10 percent).